Binance’s investigation team previously notified law enforcement of the identity of the Zkasino account holder

The Binance investigation team said that the team used a combination of on-chain tracking and open source intelligence information (OSINT) methods to investigate all ZKasino smart contracts through behavioral network research to find out the parties behind the contracts and the signatories of these addresses. After identifying the suspects behind the smart contracts, Binance informed law enforcement of the identity of the account holders who committed the fraud. Although the main suspect has been arrested, some of the stolen funds are still being transferred, indicating that there may be multiple perpetrators. (Cointelgraph) Previous news, the Dutch Fiscal Information and Investigation Bureau (FIOD) recently arrested a 26-year-old man on suspicion of fraud, misappropriation of funds and money laundering. The focus of its investigation is the large-scale fraud activities of the gambling platform ZKasino, where global victims have invested more than $30 million in cryptocurrencies. The Dutch authorities seized more than 11.4 million euros (about $12.2 million) worth of cryptocurrencies, real estate and luxury cars. The criminal investigation began on April 25 and is still ongoing. The suspect was detained for an additional 14 days. During the investigation, the FIOD worked closely with the Financial Crime Compliance and Investigations team at cryptocurrency exchange Binance, helping to safeguard millions of euros in cryptocurrency.